What is it?
    
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     Acrylic is made up of pigment, which provides the colour, and
      a colourless medium which binds the particles of pigment to the 
      object being painted. 
    The medium used in acrylic dries very quickly, even when mixed with 
      water. This means that you will rarely be hanging around waiting for 
      it to dry, but is a problem when trying to blend,
      as this process relies on the paint not being fully dry. 
    Retarder is a clear substance which prevents the acrylic from 
      drying so quickly. It can be bought from most good art shops. This one 
      came from the Canonbury Art Shop, Upper Street, Islington and cost £4.40. 
      I have heard that glycerin will have the same effect, but I didn't have 
      any and couldn't be bothered to experiment. 
          
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Usage
  
      The most appropriate use for retarder is blending because you need
        to mix two or more colours before the first has gone rock solid.
      Transluscency Problem
        Unfortunately retarder not only increases drying time but also affects 
        the opacity of the paint. It takes
        quite a high proportion of retarder to paint to significantly increase 
        drying time. I found at least a 1:2 or 1:3 ratio of retarder to paint 
        was needed. With less retarder the paint still lasted much longer on 
        the palette, but once it had been applied in a thin layer to the figure, 
        it dried almost immediately. Once the amount of retarder has been increased 
        enough to up the 'on-figure' drying time, it will also have started 
        to become transluscent.
      This isn't too much of a problem when shadowing a base coat, but with 
        highlighting there is more of a problem. The pale colour will not cover 
        properly and the colours will tend to look rather grey and washed out. 
        The effect is difficult to describe, but you will know it when you see 
        it. To make the transluscency less of a problem it is often best to 
        make the base coat at the lighter end of the spectrum being shaded. 
        You could also try taking some of the highlighting shade without any 
        retarder in it and apply blobs of it to the raised areas before starting 
        the blending process. This way all the paint with retarder in it will 
        be darker than the underlying colour.
      Mixing in the retarder
        Getting the retarder into the paint is also not as easy as you might 
        think.Mixing retarder into a single colour of paint is fine, but blending 
        needs to simultaneously use a range of shades usually containing three 
        or four original paint colours in varying proportions. Getting an even 
        quantity of retarder into this lot without stirring it all into a monochrome 
        mass is tricky. I tried applying it to the figure first, but this wasn't 
        very successful because the areas that weren't subsequently mixed with 
        paint took weeks to dry.
      Mixing with one colour only
        To get round these problems, my favourite technique is to mix the retarder 
        primarily with the darkest end of the blending range. This way the transluscency 
        will not be too much of a problem because slightly transluscent dark 
        colours will go on fine over light but not vice-versa. In fact they 
        can actually look slightly more vibrant because the light colours 'shine' 
        through. The dark colour should go onto the figure first, and the retarder 
        will stop this drying while you blend in the unadulterated lighter colours.
Verdict
  
      I haven't found the end results are noticeably better, but retarder
        can definitely speed up the process of blending by assisting in the 
        continual battle to avoid an area drying out before it is finished. 
        It also does make it slightly easier to get a smooth blend once you 
        have become acclimatised to the transluscency problem. Retarder does 
        seem to present as many problems as it solves, and it would be all too 
        easy for the novice painter to end up with a muddy mess. Give it a go, 
        but don't expect an easy shortcut to beautiful blending.